Cairo — Qatar pledged another $3 billion in aid to Egypt on Wednesday, extending the lifeline for Islamist President Mohammed Morsi after repeated delays in loan talks with the International Monetary Fund IMF.
Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani said after talks with Egyptian Prime Minister Hisham Kandil that Qatar would provide an extra $3 billion on top of some $5 billion the Gulf state has already given Cairo, and would extend gas supplies to Egypt this summer as needed.
"We have agreed to add Egypt government bonds worth $3bn," Hamad said at a joint press conference in Doha with Qandil on Wednesday.
The funds will be deposited at Egypt's central bank, Hamad added.
via Tunis Afrique Presse (Tunis)